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The New York Road Runners (NYRR) has signed Tata Consultancy Services Ltd (TCS) as the title sponsor of the New York City Marathon beginning next year. For the next eight years TCS will be the title sponsor of this most popular marathon in the world.
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Quarterly revenues were at Rs 21,294 crore were marginally lower than analysts estimates, but up 1.5 percent sequentially and 32.5 percent year-on-year.
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The company reported operating margins of 29.4 percent for the December quarter. N Chandrasekhar, chief executive, TCS, said he was confident of maintaining margins of around 27 percent and said extra profits were being reinvested back into the business.
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N Chandrasekaran, MD & CEO, TCS opens up in a candid chat with Axis Bank‘s Shikha Sharma about leading and his vision for India‘s number one software company.
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In an interview to CNBC-TV18, Som Mittal, President, NASSCOM spoke about IT sector growth trajectory.
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While Shiv Nadar, founder and chairman, HCL Tech, is confident the company will not be sold out in the next 10 years, Roshni Nadar, executive director and chief executive officer, HCL Corporation adds that the same is unlikely for the next 20 years.
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Tata Consultancy Services (TCS) expects to sustain its margins on the back of strong demand outlook going forward. The company has also increased their hiring for FY14.
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N Chandrasekaran, MD and CEO of TCS said that the pricing remained stable currently and that the company was aiming an operating profit margin of 26-28 percent.
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Speaking to CNBC-TV18 on the Q1 earnings, R Ramanan, managing director and chief executive officer, CMC says the company‘s revenues tend to be lumpy due to system integration projects.
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TCS management says it is confident that pricing will remain stable for the next 12 months and the next quarter won't see any decline in realisation.
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TCS is present in six locations in China-Beijing, Shanghai, Shenzhen, Tianjin, Dalian and Hangzhou. N Chandrasekaran MD and CEO said, we need to increase our presence in state run enterprises in China
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Som Mittal, President, NASSCOM believes that since the macro economic factors have not changed much since their February forecast, they would not be reviewing the forecast at present.
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Given the fact that the first quarter of the financial year is traditionally a weak quarter for Wipro's Indian business, one should not read too much into the guidance, says chief executive officer TK Kurien.
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IT major TCS managed to beat street estimates and declared good set of fourth quarter earnings on Wednesday. The company remains confident to clock better growth in FY14 than FY13 and aims to exceed upper end of industry body Nasscom‘s guidance in FY14.
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The coming financial year (2013-14) could be a much better one for the IT industry in general, with growth rate likely in the range of 13-14 percent, said N Chandrasekaran, managing director and CEO, Tata Consultancy Services.
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Cognizant continues to be bullish on the path ahead with better-than-expected fourth quarter revenue to its credit. R Chandrasekaran, group chief executive officer (tech & operations) of the company is positive on the demand environment.
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This is the first indication of a budget uptick for IT companies. India's largest IT company, TCS has said that CY13 will see a budget uptick of 2-4% or more.
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In an interview to CNBC-TV18, Bill McDermot, CEO, SAP said that there biggest growing area is computing in HANA. “The company has the fastest growing database business in the world now with Cloud growing in triple digits,†added McDermot.
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In an exclusive interview to CNBC-TV18, CEO & MD of the company, N Chandrasekaran said clients appear decisive about IT budgets.
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Out performing some of biggest names in IT, Tata Consultancy Services (TCS) has emerged as the poster boy in the country. N Chandrasekaran, CEO, TCS, has been credited for transforming TCS – India‘s largest IT services company into an even bigger juggernaut.
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Som Mittal, president, NASSCOM says he expects IT sector growth in double digits. "We had given a guidance that we will have a growth of 11-14 percent this year. Our review, after six months, is that we will still be in double digits. We will still be in double digits and probably closer to the lower end of our guidance, 11 percent," he adds.
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Tata Consultancy Services (TCS) came out on top in the IT pack yet again, posting a 5.1% sequential jump in revenue for the quarter ended September, against 2.5% growth at Infosys and 3% at HCL.
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N Chandrasekaran, CEO and MD of Tata Consultancy Services (TCS) says inorganic growth is a priority for the company at this point. He says the company is looking at inorganic growth to beef up its European presence.
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Tata Consultancy Services, India's top software services exporter, reported a 38% rise in its fiscal first-quarter profit, beating market expectations, helped by a weaker rupee and increase in demand for outsourcing.
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Sudin Apte of Offshore Insights and Partha Iyengar of Gartner discuss, on CNBC-TV18, the change of guard in the IT sector in the backdrop of Infosys declaring results today.
